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BHP Billiton Acquires HWE Mining

BHP Billiton is to acquire HWE Mining from Leighton Holdings, allowing the mining giant to switch to an owner-operater model at its iron ore mining operations in the Pilbara region. The deal will see Leighton Holdings richer by $735 million. HWE Mining had provided close to 70% of operations on behalf of BHP Billiton on contractual basis.

From BHP Billiton Plc 9 Aug 2011

Baobab Resources Update on Drilling at Tete Project and Massamba Camp

Baobab Resources has provided the details on the exploration works that are ongoing at the Tete iron-vanadium-titanium project and Massamba Camp.

9 Aug 2011

HudBay Minerals Signs Sales Agreement with Solway Group for Fenix Project

HudBay Minerals has signed a definitive agreement with the Solway Group for the sale of 100% interest in the Fenix project.

From HudBay Minerals Inc. 9 Aug 2011

Douglas Lake Minerals Inks Mineral Property Acquisition Agreement with Handeni Resources

Douglas Lake Minerals is a budding mineral exploration firm based in Tanzania, which focuses on the exploration and development opportunities in mining.

9 Aug 2011

Jindal Steel and Power to Use Rio Tinto's HIsmelt at Jharkhand

Jindal Steel and Power Limited are going to use a new technology for smelting iron ore by using non-coking coal in their upcoming plants in the Indian states of Jharkhand and Orissa. Jindal Steel operates a 3.0 million tons a year steel plant in Chhattisgarh state and is setting up a plant of an equal capacity in Jharkhand state.

From Rio Tinto plc 8 Aug 2011

India's Sesa Goa to Buy Liberian Iron Ore Mining Company

Sesa Goa, India's largest producer and exporter of iron ore in the private sector, is to acquire 51% stake in Western Cluster Ltd for a cash deal worth $90 million.

From Sesa Goa Limited 8 Aug 2011

Report: The Top 10 Business Risks for Mining and Metals

The biggest business risk for global miners is from resource nationalism. When the governments around the globe decide that they want to keep the profits of the blooming mining industry to themselves it is the multinationals who will suffer the most as per a new report from financial institution Ernst & Young, ‘Business risks facing mining and metals 2011–2012’.

8 Aug 2011

Gulfmark Resources Applies for Permits to Drill Primary Eagleford Shale Well, Texas

Gulfmark Resources, a subsidiary of Gulfmark Energy Group, has applied for the drilling permits to the Texas Railroad Commission. The company has planned to drill the primary test well at the Kiefer Lease having 4,261 acres in Zavala County, Texas, after receiving the permit drilling program.

8 Aug 2011

Samaranta Mining Reports Initial Airborne Survey Results from Guadalupe Property

Samaranta Mining has proclaimed that MPX Geophysics (MPX) of Markham Ontario has completed the Gamma Spectrometer and Helicopter Magnetometer survey of 501 line kilometer at four individual Samaranta properties, comprising the Guadalupe property, which is contagious to the northern border of the Colombia-based Frontino Gold Mines in Antioquia.

8 Aug 2011

Trafina Energy Drills Third Vertical Evaluation Well in McMullen

Trafina Energy has performed drilling, coring, testing and casing at its third well in northeastern Alberta’s McMullen region. Trafina Martin Hills located at the 11-28 well was rig-released.

From Trafina Energy Ltd. 8 Aug 2011